Financial Express Kochi - January 24, 2025Add to Favorites

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January 24, 2025

57% Taxpayers Seek I-T Rate Cuts

Around 57% of the taxpayers in a recent survey want lower tax rates and higher exemptions in the coming Budget.

1 min

Package likely to ramp up pulses & oilseeds output

Govt keen to rein in imports of these items by boosting domestic production

3 mins

Small tea growers for curbs on substandard imports

SMALLTEA GROWERS (STGs) have urged the Union commerce ministry to take steps to curb import of substandard crop from countries like Kenya and Nepal and protect the domestic industry.

1 min

Oil buyers pull all levers to replace Russian imports

OIL REFINERS ARE reaching for all available options in the rush to make up for Russian flows hit by Washington's latest round of sanctions, turning to the spot market while simultaneously seeking more long-term supplies from West Asian producers.

1 min

Bidhuri, Atishi Approach EC With Allegations

BJP's KALKAJI CANDIDATE Ramesh Bidhuri and his AAP opponent from the constituency Atishi on Thursday lodged complaints against each other with the Election Commission.

1 min

Foreign secy to visit China on Jan 26-27

Moving To Resume Bilateral Engagements

1 min

Delhi polls: AAP schemes outrank Constitution issues

THE OPEN DRAIN outside the chaupal at Nai Basti, a Dalit-dominated colony in South Delhi's Deoli, is overflowing. Inside the compound, behind a statue of BR Ambedkar holding the Constitution, sit four men from the Jatav (Dalit) community discussing the Delhi elections.

1 min

NCLAT Stays CCI's 5-Year Antitrust Ban

Directs Meta to deposit 50% of ₹213-cr penalty

2 mins

UltraTech Cement Q3 profit at ₹1,473.51 cr; stock surges 7%

ADITYA BIRLA GROUP firm UltraTech Cement on Thursday reported a consolidated net profit of ₹1,473.51 crore for the third quarter ended December 31, 2024.

1 min

Maruti Suzuki cars to cost more from Feb 1

MARUTI SUZUKI INDIA on Thursday said it will hike prices by up to ₹32,500 across various models from February 1 to partially offset the rise in input costs.

1 min

HUL to give beauty business a glow-up with new strategy

THE COUNTRY'S LARGEST consumer goods company, Hindustan Unilever (HUL), has put in place a four-pronged strategy to grow its beauty and wellbeing business, created in April last year.

2 mins

Empowering India's Green Energy Goals Through Innovation and Trust

Lord's Mark Industries Upholds PM's Vision of Surya Ghar: Muft Bijli Yojana

1 min

Infra.Market Raises $126 Million

CONSTRUCTION MATERIALS SOLUTIONS firm Infra.Market has successfully raised approximately $120 million (₹1,050 crore) in its pre-IPO funding round, according to sources aware of the matter.

1 min

Zee Q3 profit jumps 180%; revenue falls

ZEE ENTERTAINMENT ON Thursday reported a 179.7% year-on-year rise in its consolidated net profit at ₹163.6 crore for the third quarter of the financial year 2024-25 (Q3FY25).

1 min

HPCL Consolidated Profit in Q3 Surges 2570% to ₹2,544 cr

Hindustan Petroleum Corp Ltd on Thursday reported a surge of 256.8% year-on-year in its consolidated net profit for the December quarter of FY25 at ₹2,543.65 crore from ₹712.84 crore in the year-ago period.

1 min

Mphasis posts modest Q3 revenue growth

MPHASIS REPORTED A sequential revenue growth of 0.8% to ₹3,561.3 crore and a net profit of ₹427.9 crore, up 1.1%, for the quarter ended December.

1 min

CCPA Notices to Ola, Uber Over Price Disparity Complaints

The Consumer Protection Authority (CCPA) has issued notices to tech giant Apple and cab aggregators Ola and Uber following consumer complaints about software performance and pricing disparities, Consumer Affairs Minister Pralhad Joshi said on Thursday.

1 min

Indus Towers to foray into EV charging infrastructure

Indus Towers has launched pilot electric-vehicle charging stations at two locations, it said on Thursday, amid the country's growing push to adopt the environmentally cleaner models.

1 min

Luxury car sales facing China hurdle: Tatas

JAGUAR LAND ROVER's owner, Tata Motors, said profitability is being hurt by economic challenges in China, a market where weak demand and consumer preference for electric vehicles is curbing sales of traditional top-end cars.

1 min

80% firms struggle to find talent: Survey

Shortage Across Industries

1 min

Trump Urges Lower Oil Prices, Rate Cuts

HE ALSO HAILED commitments by companies to invest in the US, touting plans by SoftBank Group to help build artificial intelligence infrastructure and a promise from Saudi Arabia's Crown Prince Mohammed Bin Salman to expand investments and trade with the US by $600 billion.

1 min

Special fund for MFIs...

The combined loan outstanding of the MFIs stood at around ₹1.7 lakh crore as on March 31, 2024. And 60% of this amount has been lent by large MFIs

1 min

OpenAI to Indian court: Can't delete ChatGPT training data

'BREACH OF US LEGAL OBLIGATIONS'

1 min

New probe ordered into Foxconn hiring

THE COUNTRY'S POWERFUL human rights watchdog has admonished labour officials for failure to adequately investigate evidence of employment discrimination at Foxconn, which makes Apple iPhones, and told them to re-examine the matter, documents show.

1 min

IT counters lead gains in indices

The equity indices closed higher on Thursday, led by IT stocks on optimism over the rise in artificial intelligence (AI) spending in the US, while worries over earnings moderation and US tariffs capped gains.

1 min

Ujjivan SFB Q3 profit slumps 64% to ₹109 cr

UJJIVAN SMALL FINANCE Bank on Thursday reported a 64% decline in its net profit to ₹109 crore for the third quarter amid a spike in bad loan provisions and higher interest expenses.

1 min

Kotak Bank Acquires StanChart's ₹3,330-cr Personal Loan Portfolio

KOTAK MAHINDRA BANK on Thursday said it has completed the acquisition of the ₹3,300-crore personal loan book of Standard Chartered Bank India following regulatory approvals.

1 min

HDFC Bank expects improved CASA ratio with easing in rates

HDFC BANK EXPECTS its current account savings account (CASA) ratio to improve as interest rates are likely to soften, Sashidhar Jagdishan, managing director and CEO, said in an analyst call on Thursday.

2 mins

Rising competition from global banks may lower pricing on loans: Barclays

A RENEWED PUSH by Japan's major banks and other global lenders in India is driving down loan prices with the new players having more appetite for riskier credit, according to the country head for Barclays Plc.

1 min

Now, equities need domestic investors more than ever

LOCAL FUNDS EMERGE AS KEY DRIVER

1 min

Rupee falls 13 paise tracking Asian peers, dollar demand

THE RUPEE ENDED 13 paise down against the dollar to 86.46 on Thursday due to a decline in the most regional currencies and demand for dollars from foreign banks, said forex traders.

1 min

Setting a cat among the pigeons

THE WORLD SHOULD EXPLORE NIMBLE, COST-EFFECTIVE OPTIONS TO THE STARGATE APPROACH

4 mins

Time for India to break out of AI slumber

The US-led restrictions on AI technology access should serve India a wake-up call to prioritize the technology as a national security imperative

3 mins

It's raining handouts

Political parties must avoid reducing elections to one-upmanship on freebies

2 mins

In the grey zone

Meta's fact-check roll-back can upend contextual ads

2 mins

Real Madrid Is First Club To Top $1-Bn Revenue

REAL MADRID BECAME the first soccer team to register one billion euros ($1.04 billion) in revenue in a single season in 2023-24, with the Spanish side topping the Deloitte Football Money League as the world's highest revenue-generating club once again.

1 min

This Chinese AI startup is taking on Silicon Valley giants

THE DAY AFTER Christmas, a small Chinese start-up called DeepSeek unveiled a new AI system that could match the capabilities of cutting-edge chatbots from companies like OpenAI and Google.

2 mins

Gaza ceasefire puts Netanyahu in tough spot

EVEN BEFORE IT WAS signed, the Gaza ceasefire forced Israeli Prime Minister Benjamin Netanyahu into a tight spot - between a new US president promising peace and far-right allies who want war to resume.

1 min

Emilia Perez Leads Oscars Race With 13 Nominations

NETFLIX'S SPANISH-LANGUAGE musical Emilia Perez topped the list of movies nominated on Thursday for Academy Awards, followed by The Brutalist and Wicked.

1 min

Musk, Altman spar over $100-bn AI venture hyped by Prez Trump

ELON MUSK OPENLY questioned whether companies that joined President Donald Trump's announcement promising hundreds of billions of dollars in artificial intelligence infrastructure could follow through on their promises, exposing an early internal rift within the White House.

1 min

Invest in stocks: China to insurers

Stocks Jump After Briefing

1 min

Call grows for action on AI, reforms

GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.

1 min

Economic Fragmentation: Global GDP Could Drop by Up to $5.7 Trillion

GROWING GEO-ECONOMIC FRAGMENTATION can decrease global GDP by up to $5.7 trillion, giving it a bigger blow than the financial crisis of 2008 or the Covid pandemic, the Navigating Global Financial System Fragmentation report showed on Thursday.

1 min

Call Grows for Action on AI, Reforms

LEADERS FROM VARIOUS countries called for action on artificial intelligence and reforms at the WEF meeting.

1 min

On new Isro chief's table: 100th launch

AFTER THE HISTORIC space docking experiment, the Indian Space Research Organisation (Isro) is getting ready for another milestone, its 100th launch, that is set to happen at the end of the month.

2 mins

Cloud, GCCs key digital economy drivers: MeitY report

THE CLOUD MARKET and global capability centres (GCCs) are among the fast-growing segments of India's digital economy which is expected to drive a fifth of national GDP by 2030, a report by MeitY has said.

1 min

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